Yarding 3140  Change +270

As the looming public holiday next Monday approaches, the market had some notable fluctuations influenced by varying buyer participation. While not all export buyers attended the market, those who did were selective, leading to a mixed trading environment characterised by sporadic price movements between feedlots and domestic processors. Demand however remained solid from both export and domestic processors for Angus cattle. This consistent demand for the better finished helped stabilize pricing across various livestock categories despite the underlying volatility.

In the trade market steers and heifers weighing between 400-500kg, numbers improved, with prices ranging from 458 to 558c/kg. Feeder steers drew interest from a smaller group of buyers this week, with strong bidding for straight-bred Angus steers. In contrast, other breeds did not experience the same level of intense competition. Medium weight steers sold for between 445-542c, while lighter weights fetched prices from 420 to 565c/kg.. Feeder heifers also faced a reduced field of buyers, resulting in less robust orders. Lightweight heifers saw a decline  of 8c to  sell within the range of 454 to 485c/kg. Medium weight feed heifers sold from 433-486c/kg. Light weight steers 200-280kg sold to varying demand depending on breed, prices ranged from 410-602c/kg.

On the export front, there were limited numbers available for processors, with the bulk of sales for heavy steers and bullocks selling between 450-488c/kg. The cow market experienced a price correction, with well-finished types seeing a decrease of 27c, bringing their prices down to a range of 386-428c/kg. Leaner cows weighing under 520kg were particularly impacted, experiencing a more significant drop of 55c, for the better covered stock, with prices now between 280-388c/kg.

Market Reporter Leann Dax.

Source: NLRS Click here to view full Wagga report on NLRS website.